Are you having trouble with your mortgage?

Many people are in peril of losing the greatest investment to a foreclosure within the next eighteen months.

Unfortunately, not many people are aware that there ways to keep away from foreclosure.

Find out the six steps to avoid foreclosure happen to your home.

1. Contact the lender right away. The biggest mistake a borrower makes when they start to fail on payments is not contacting their mortgage lender. As soon as you realize you have a problem, call them immediately. The sooner you approach them, the better.

2. Talk to the “loss mitigation” department. Check if your monthly statement has the contact numbers to the mitigation department…

Fairfield Residential LLC – a privately-held real estate company – filed for bankruptcy protection on Sunday, stating that the fall down of the U.S. real estate and capital markets has made it complex to continue without restructuring.

In line with the filing of a voluntary Chapter 11 bankruptcy petition in Delaware, the company agreed with its important lenders on the framework of a plan of reorganization that will allow it to maintain its property management, asset management, construction services and general partner utilities.

In a statement, Fairfield said that the plan maintains the company’s existing infrastructure in a new operating company; however, some assets that are not assigned to the new operating…

We have been hearing some news about the slow recovery of the real estate sector from recession and these were supported by several data. Another proof would be the latest information that shows deflation in foreclosure filings.

The foreclosure filings in U.S. have decreased for three straight months and that’s despite of the continuous emerging of several forces that cause foreclosures. These causes include high-risk mortgages, increasing unemployment rate, and negative equity. According to reports, the foreclosure filings for October 2009 are still 19 percent higher compared to October last year, but is 3.3 percent lower compared to last month. Reports said that Nevada had the highest rate of foreclosure filings…